L2 Asset Management LLC Purchases New Shares in Lam Research Corporation $LRCX

L2 Asset Management LLC bought a new position in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, HoldingsChannel.com reports. The fund bought 20,129 shares of the semiconductor company’s stock, valued at approximately $1,959,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. IMG Wealth Management Inc. purchased a new position in Lam Research during the 2nd quarter valued at $26,000. Howard Hughes Medical Institute purchased a new stake in Lam Research in the 2nd quarter valued at about $27,000. REAP Financial Group LLC purchased a new stake in shares of Lam Research in the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Lam Research in the first quarter valued at approximately $36,000. Finally, Saudi Central Bank purchased a new position in Lam Research during the 1st quarter worth $37,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 102,608 shares of company stock worth $14,916,496 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of a number of recent research reports. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 1st. New Street Research lifted their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Hsbc Global Res upgraded Lam Research to a “hold” rating in a report on Tuesday, September 30th. Twenty-six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $152.87.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $158.70 on Monday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $167.15. The business’s 50 day moving average price is $150.02 and its 200 day moving average price is $117.59. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $199.33 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.63 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s payout ratio is presently 22.91%.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.